Business
AGM Statement + Trading Updat
AGM Statement + Trading Updat.
About this update from Dillistone Group Plc
[{"type":"text","content":"\n RNS Number : 3533T Dillistone Group PLC 04 June 2009 \n \n5 June 2009\n\nDillistone Group Plc\n\n('Dillistone' or the 'Group')\n\nResults of Annual General Meeting ('AGM') and AGM Statement\n\nDillistone, the AIM quoted supplier of recruitment software, announces that at its 2009 AGM which was held at 11.00 a.m. today, all resolutions put to shareholders were duly passed.\nAt today's AGM, Jim McLaughlin, Executive Chairman and Finance Director of Dillistone, made the following trading update:\n'Our annual results for the year ended 31 December 2008 demonstrated that we had benefited from an extremely strong first half followed by a weaker second half as the impact of the global recession was felt. \n\n'As mentioned in my Chairman's statement the board expected that the recession would have a negative impact on the 2009 results. The board is now in a position to confirm that revenues in the first half of 2009 will be significantly lower than the record level achieved in 2008. However, the board remains confident that the business will achieve an outcome for the year as a whole in line with market expectations. \n\n'The Group remains profitable, debt free and cash generative. Our previously announced increase in product development expenditure on FILEFINDER underlines Dillistone's commitment to maintaining a market leading position and makes the board confident about the long term performance of the business. We reiterate our intention to maintain dividend payments at 2009 levels.'\n\nFor further enquiries:\n\n\n\n\n\nJim McLaughlin, Executive Chairman and Finance Director Dillistone Group Plc\n\n\n01934 710 509\n\n\n\n\n\n\n\n\n\n\n\n\nEmily Morgan, Blomfield Corporate Finance Limited\n\n\n0207 489 4500\n\n\n\n\n\n\n\n\n\n\n\n\nDaniel Briggs, Religare Hichens, Harrison\n\n\n0207 3827 776\n\n\n\n\n\n\n\n\n\n\n\n\nTom Cooper, Winningtons Financial PR\n\n\n0797 122 1972\n\n\n\n\n\n\n\nNotes to Editors:\n\nDillistone Group Plc is a leader in the supply and support of recruitment software to the search and selection market. Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc in June 2006.\n\nDilli...